"Global Concerns Mount as China's Economy Faces Unprecedented Challenges"

China's Spring Festival holds significant cultural and demographic importance, but the country's demographic toll from the One Child Policy and Covid-19, along with economic challenges, has cast a shadow over the festivities. Xi Jinping's authoritarian power and state-directed interventions have led to economic stagnation, a bursting property bubble, and disaffected youth. Despite Western criticisms, international institutions are cautious in addressing China's economic issues, which are exacerbated by political risks and Xi's nationalist agenda. As China faces a population doom spiral and increasing political tensions with the West, the focus should shift from GDP and unemployment to preparing for a new cold war.